A New York federal judge on Friday freed Goldman Sachs Group Inc., JPMorgan Chase & Co. and others from multidistrict litigation alleging they conspired to manipulate the supply of aluminum to inflate its value, ruling that the plaintiffs lack antitrust standing and haven't sufficiently pled the existence of a conspiracy.
The Department of Commerce said Friday that it would order U.S. Customs and Border Protection to assess anti-dumping duties on plastic merchandise bags imported from Thailand, following a ruling earlier this year that the bags were being sold at below fair value in the U.S.
European diplomats on Friday warned of increased sanctions against Russia as President Vladimir Putin continued his military incursion into eastern Ukraine, while the International Monetary Fund pledged $1.39 billion in bailout loans to prop up the Ukrainian economy.
The D.C. Circuit on Friday affirmed the dismissal of a False Claims Act suit accusing Govplace Inc. of improperly selling China-made technology products to the U.S. government, saying the company appropriately relied on its supplier’s certifications that the products met manufacturing requirements.
The Export-Import Bank of the United States must improve its policies for ensuring that the defense goods and services it helps to export are being used for civilian purposes, particularly when it does not receive adequate documentation, according to a Government Accountability Office report released Thursday.
New York-based private equity firm ACO Investment Group will partner with Myanmar to develop an approximately $480 million solar energy project in the Southeast Asian nation, U.S. Trade Representative Michael Froman announced Thursday as part of the U.S.’ ongoing efforts to attract investment and trade with Myanmar.
Lawmakers have asked the Office of Management and Budget to seek a higher budget authority in 2016 to fund the Food Safety Modernization Act, adding that the U.S. Food and Drug Administration should drop its request for user-fee funding that has failed several times to win congressional approval.
The U.S. Department of State and the U.S. Department of the Treasury on Friday turned up the heat on the government of Iran, imposing sanctions on an additional group of companies and individuals for supporting the country’s nuclear program.
In Law360's latest rundown of the World Trade Organization's Dispute Settlement Body proceedings, members adopt reports faulting China's rare earth elements export barriers, Canada takes steps to settle a dispute over its green energy subsidies, and Antigua seeks peace in a years-long online gambling fight.
The International Capital Market Association on Friday issued revised guidelines for sovereign debt securities in order to avoid a repeat of Argentina’s long-running fight with holdout creditors, which led to the country’s second default in 13 years.
The U.S. Court of International Trade on Thursday sent a duty circumvention suit over Mexican steel wire rod back to the U.S. Department of Commerce for a second time, leaving a sliver of hope for producers looking to show that a Mexican company is exploiting a loophole in the duty order.
The European Union on Thursday adopted a set of rules holding it financially responsible for disputes over trade agreements between it or its member states and the financial institutions of nations outside the bloc only when its institutions or laws are the cause.
The U.S. Department of Commerce on Thursday officially amended its internal rules by inviting federally registered lobbyists to fill slots on 16 international trade advisory committees as it aims to settle a lawsuit filed by lobbyists that were barred from participation under the previous policy.
The U.S. and Myanmar on Thursday agreed to develop an initiative that will focus on bolstering and reforming the Southeast Asian nation's protection of labor rights, representing part of the Obama administration's ongoing effort to open the country up to U.S. trade and investment flows.
European regulators have announced the initiation of an anti-dumping investigation into certain steel imports from the United States, Russia and several Asian countries, according to a notice from the European Commission. Correction: A previous story misstated the commission conducting the probe. The error has been corrected.
The International Trade Commission said Wednesday that it will investigate whether Beats Electronics International LLC's noise-canceling headphones or components imported from China infringe Bose Corporation's patents and violate section 337 of the Tariff Act of 1930.
Chief Trans-Pacific Partnership negotiators will use a 10-day session next month in Hanoi, Vietnam, to chip away at outstanding chapters of the agreement such as food safety, intellectual property and investment, but experts doubt that a serious breakthrough will occur, as the political climates of key TPP nations remain murky.
In an unexpected move, the U.S. International Trade Commission will not to levy duties against imports of steel used in power transformer cores from Germany, Japan and Poland after deciding Wednesday that even though the products have been dumped in the U.S., they pose no threat to domestic producers.
The U.S. Department of Agriculture could soon allow the importation of previously banned citrus fruits from China like mandarin oranges, saying it would impose added regulations to prevent the incidental importation of pests into the U.S.
The United States International Trade Commission has decided not to impose antidumping duties on Venezuelan ferrosilicon because the imports don't injure or threaten to injure the U.S. market, the commission said Tuesday.
The departure of attorneys from large firms is a trend that has increased as a result of the Great Recession and its aftermath, and boutique firm partners who previously worked at large firms understand the potential large-firm pitfalls, say attorneys with Levine Kellogg Lehman Schneider & Grossman LLP.
Given the significant differences among the circuits in examining the crime-fraud exception, and the Third Circuit’s recent erosion of the attorney-client privilege, U.S. Supreme Court review is necessary to ensure the consistent treatment of litigants and to protect the privilege, say attorneys with Blank Rome LLP.
Many companies regularly communicate with in-house legal advisers all over the globe. Are these communications privileged? By answering five questions, companies and attorneys can perform a high-level, initial assessment of legal privilege protection in a multijurisdictional context, says Martje Verhoeven-de Vries Lentsch of De Brauw Blackstone Westbroek and Haynes and Boone LLP.
Although news reports may suggest that the region is synonymous with upheaval and strife, the Middle East and North Africa are actually one of the brightest frontiers for e-commerce today, says Courtney Bowman of Proskauer Rose LLP.
A Delaware Supreme Court decision in a Wal-Mart shareholder suit connected to alleged bribery may breathe new life into the Garner doctrine and serves as a reminder of the fragility of the attorney-client privilege, say Bruce Ericson and Dorothy Kaslow of Pillsbury Winthrop Shaw Pittman LLP.
The Los Angeles area is poised to expand regional exporting efforts over the next few years. The region is uniquely positioned as the gateway to Asia, driving strong cultural, economic and business ties with Pacific Rim trading partners, says Lindsey Martinez of Snell & Wilmer LLP.
Companies doing business in Central America may want to pay attention to an approaching deadline in a labor law dispute between the United States and Guatemala over the country’s alleged failure to enforce its labor laws in the apparel, agricultural, and food processing industries, says Joseph Laroski, counsel with King & Spalding LLP and former associate general counsel in the Office of the U.S. Trade Representative.
Whether the Russian Federation complies with the Permanent Court of Arbitration's final award — $50 billion — for its destruction of Yukos Oil Company will demonstrate the extent of the country's commitment to honoring international obligations and the rule of law, say Emmanuel Gaillard and Yas Banifatemi of Shearman & Sterling LLP.
In the last five months, three circuit courts have interpreted the Foreign Trade Antitrust Improvements Act, with some staking out differing positions on important aspects — namely, the requirement that foreign anti-competitive conduct have a direct effect on U.S. commerce in order to fall outside the FTAIA's general exemption for foreign conduct, say Jeffrey Jacobovitz and David Hobson of Arnall Golden Gregory LLP.
"If you follow the philosophy of saving everything you're just multiplying exponentially the costs and risks of litigation and investigations," says Robert Owen, partner in charge of Sutherland Asbill & Brennan LLP's New York office and president of the Electronic Discovery Institute.